This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
1-bedroom, 1-bathroom apartment of 70 m², energy rating E. Located on rua Henrique Barrilaro Ruas, 28, Penha de França parish, Lisbon municipality, Lisbon district. Noteworthy Features: The apartment is currently registered as a store, offering potential for conversion to residential use, enhancing investment opportunity in a prime area of Lisbon.
The valuation. The asking price of €220,000 sits significantly below the fair value of €333,452, making it underpriced by €113,452 (34.0%). This presents an appealing opportunity for investors seeking value in the Lisbon real estate market.
Fair value modelled at €333,452 from 6 comparable sales in the area. Asking €220,000 sits €113,452 (34.0%) below — the upside to fair value.
Asking €220,000 versus the rua Henrique Barrilaro Ruas, 28 area baseline of €254,638 (€3,638/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €254,638, adjusted for condition and micro-location, gives a modelled fair value of €333,452 (€4,764/m²), a €113,452 (34.0%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Henrique Barrilaro Ruas, 28 | Subject | €220,000 | €3,143 | — | 80 | 79 |
| Penha de França · 1f35bf | Active | €339,000 | €4,461 | 41.9% | 75 | 81 |
| rua da Caridade | Active | €325,000 | €6,500 | 106.8% | 80 | 91 |
| rua do Passadiço | Active | €325,000 | €5,909 | 88.0% | 75 | 86 |
| rua Gualdim Pais, 136 | Active | €288,000 | €2,880 | 8.4% | 78 | 81 |
| Median comp | €325,000 | €5,185 | 65.0% | 77 | 84 |
Long-term rental This 1-bed apartment in Penha de França, priced at €220,000, presents an attractive opportunity with the gross yield of 5.7%, supported by its condition rating of 78/100. Given the high housing demand in central Lisbon and the property's fair value of €333,452, it is an appealing choice for stable, long-term income generation. Buy-and-hold Investing in this property offers potential for capital appreciation given its fair value gap of 34.0% and the area's overall positive economic indicators. With the neighbourhood receiving a quality rating of 79/100, holding onto this asset could yield significant benefits as the local market continues to strengthen over time. Luxury market Although this apartment does not fit the traditional luxury market mold, its fair value indicates strong desirability within the upscale segment of Penha de França. The combination of a robust rental yield and a favorable neighbourhood rating positions it as a competitive offering for buyers looking to enter the luxury market. Not ideal for Student housing and short-term vacation rentals are less suitable, as the investment requires stability and the tenant quality in this area focuses more on long-term residents. Similarly, while value-add renovation could enhance returns, the current condition score suggests that immediate renovations may not significantly improve the investment profile.
Tenant turnover risk The tenant stability score of 80/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and associated costs if tenants leave more frequently than expected.
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